Dear Subscriber,

“Communicating the intangible benefits of joining a trade association is more difficult, especially when there is no clubhouse or jacuzzi,” says Tony Craddock, director general of the Emerging Payments Association (EPA).

On PaymentEye this week, Craddock outlines those intangible benefits, gives us a bird’s eye view of the payment industry over the last 15 years and details the reluctance of banks – and one in particular – to engage with the payments ecosystem.

Elsewhere, and after the RBS software flaw we spoke to Paul Farrington, CTO of Veracode and former CTO at Barclays business banking innovation who deliberates on who should take responsibility for IT vulnerabilities in bank-vendor relationships.

Read, enjoy and share.

David Beach

PaymentEye